Looks like there are two groups battling to buy the Devils and both actually have MONEY, believe it or not. I thought you were automatically disqualified as a potential NHL owner if you actually had money and didn't try loan-shark financing to buy a team. I have a feeling the arena is maybe the bigger asset to potential buyers than the hockey franchise.

brwi wrote:Looks like there are two groups battling to buy the Devils and both actually have MONEY, believe it or not. I thought you were automatically disqualified as a potential NHL owner if you actually had money and didn't try loan-shark financing to buy a team. I have a feeling the arena is maybe the bigger asset to potential buyers than the hockey franchise.

No question about it. The Devils are a break-even team at best. If someone believes they can turn this arena into something more profitable (was not top-50 busiest in the world in Q1 2013, after being 11th in 2012) and believes in Newark's chance at a revival, they'll be some serious bidders. That's the only real lucrative thing about it.

They made a huge mistake building their arena in Newark. The city is trash and it's not any easier to get to from Bergen County than the Meadowlands.

They should have built it in Hoboken, all NJ transit leads to Hoboken and you are a 15 minute ride by PATH from lower Manhattan.

I took the PATH from Manhattan to Newark once, it's a long ride and then after that, I'm stuck in Newark unless someone drives me home or I take the PATH back to Manhattan and transfer some more to get to Hoboken and train home or the PA to take a bus home.

Pitt87 wrote:Yikes... might be time to rethink 3 franchises in 30 miles....

Eight million plus, you'd think this area cold support three.

Not the people, the fragmentation and relative location to NYC. Attendance was fine, but they needed a deep playoff run last year to make even just a little money. Keep in mind that they own a venue that is more expensive to operate than MSG and recently lost an NBA tenant. Everything points in the wrong direction.